August 20, 2017

MTECHTIPS

MTECHTIPS:Gold near four-month low; US budget talks watched

Gold regained some footing on Friday as the euro stayed near an eight-month high against the dollar and talks to avoid a fiscal crisis in the United States seemed to stall again, but the metal was still on track for its fourth weekly fall.Gold was little changed at USD 1,647.06 an ounce by 0045 GMT after falling to its weakest level since August in the previous session on heavy liquidation by hedge funds and signs of an improving US economy.US gold for February rose USD 2.30 an ounce to USD 1,648.20.

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